BOK Financial Private Wealth Inc. Makes New $29,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 471 shares of the utilities provider’s stock, valued at approximately $29,000.

A number of other institutional investors also recently bought and sold shares of the business. United Bank increased its holdings in shares of NextEra Energy by 9.8% during the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares in the last quarter. LSV Asset Management increased its holdings in shares of NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after purchasing an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 1,587 shares in the last quarter. Covestor Ltd increased its holdings in shares of NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at approximately $793,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Mizuho reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

NextEra Energy Trading Down 0.5 %

Shares of NEE opened at $62.75 on Tuesday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $59.32 and its two-hundred day moving average is $58.32. The stock has a market cap of $128.79 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the previous year, the company posted $0.51 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.